Further:
"Brazil is at the centre of an oil boom,with majors flocking to Latin America's largest economy & its hydrocarbon reserves.Statoil said it was a 'high-impact'
discovery.One analyst said.....it had the potential to be an elephant when compared with a recent discovery made by Petrobras* in the same area. Using the same ratio..... the estimated size is in excess of 500 million barrels.
The partners in Pao de Acucar(Sugar Bread) Repsol SinopecBrazil 35%,Petrobras 30%,Statoil 35%."
-www.guardian.co.uk/business/feed article
-the Guardian Mon 27 Feb, 2012
Located in block BM-C-33 near Seat & Gavea field,the latter one of the 10 largest finds worldwide in 2011.
Repsol Sinopec Brazil is the largest foreign owner of exploration rights in the Santos,Campos & Espirito
basins of offshore Brazil. Large clear colour map on Repsol website for keen nearologists of the KAROON case.
If Repsol is numero uno KAROON must be numero due.
-www.repsol.com
Further:"Brazil is at the centre of an oil boom,with majors...
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